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Nov 3, 2012
11/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. during our semi-annual sleep sale, save $500 on our classic series special edition bed set-while supplies last. sale ends soon! you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. >>> and let's take a closer look right now in the race to 270 electoral votes. john king is here at the magic wall. on this day with three days t
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ we have so much technology in our store to really show the customers what's...
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Jul 14, 2012
07/12
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you coined the phrase, "it's the economy, stupid" back in '92. what's changed? >> what's changed, we've had a deterioration of the middle class over a period of time, and people are falling out of the middle class, having trouble hanging on to the middle class, and very much aware of what's happening in their lives. and stan and i noticed this over a period of time. he wrote an earlier book called "middle class dreams," so we really wanted to bring this attention to the forefront, and that was the rationale and reason behind the book. >> is it your sense, stan, that the obama campaign is not focusing in enough on the middle class? >> i think they're focusing like a laser right now. and i think that both of us are impressed where they have come out, both in policy terms and on focusing on the middle class and looking at the proposals they've done on the tax cuts. so we're, you know, we're pleased because we think this is the center of the election? you know, we came together around bill clinton, the forgot, middle class. and that was a particular moment in time.
you coined the phrase, "it's the economy, stupid" back in '92. what's changed? >> what's changed, we've had a deterioration of the middle class over a period of time, and people are falling out of the middle class, having trouble hanging on to the middle class, and very much aware of what's happening in their lives. and stan and i noticed this over a period of time. he wrote an earlier book called "middle class dreams," so we really wanted to bring this attention to...
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Nov 10, 2012
11/12
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raising rates is going to sow the economy. this is not the time to raise taxes in the middle of a very weak economy. okay. we understand that. what i was saying before is that they all really understand what the parameters of a macro, big deal would be. they know what you have to do with entitlements. this is not a new discussion for them. they know what you have to do with tax reform. you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to play on a totally different note, a remarkable video that the obama campaign released on the morning after he won his re-election, and he gets very emotional. >> i felt that the work that i've done, in running for office, had come full circle. because you guys have done means that the work that i'm doing. i'm really proud of that. i'm really proud of you. and -- >> it's not often you see the president of the united states crying. >> we have not seen that really from him. political cartoonists sometimes draw him as mr. shock. i think it's just a
raising rates is going to sow the economy. this is not the time to raise taxes in the middle of a very weak economy. okay. we understand that. what i was saying before is that they all really understand what the parameters of a macro, big deal would be. they know what you have to do with entitlements. this is not a new discussion for them. they know what you have to do with tax reform. you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to...
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Jun 30, 2012
06/12
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the economy is just so very strongwell. the economy is just so very strong here right now. >> reporter: oil and new technologies that allow horizontal drilling or fracking, the breaking up of underground rock, are driving this boom, raising the average salary here to more than $70,000 a year, and changing the landscape. this was one corner of town 18 months ago. here it is today. it's a community with houses still being built and selling for about $200,000 each. with all that expansion comes a lot of traffic, like all these big trucks. this is the main road through town. in 2008, 9,000 cars a day drove through here. last year that number was 28,000. the population has exploded from 12,500 people to more than 20,000. and nowhere is that felt more than in the classroom. >> it's going so fast that it's so hard for us to keep up. >> reporter: the school superintendent is scrambling. she's leased 32 modular buildings for the fall, might use fema trailers and she's on a hiring binge to find 52 teachers. >> we're trying to prepare
the economy is just so very strongwell. the economy is just so very strong here right now. >> reporter: oil and new technologies that allow horizontal drilling or fracking, the breaking up of underground rock, are driving this boom, raising the average salary here to more than $70,000 a year, and changing the landscape. this was one corner of town 18 months ago. here it is today. it's a community with houses still being built and selling for about $200,000 each. with all that expansion...
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Sep 8, 2012
09/12
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one of the problems we have in our economy is that we've lost 700,000 public sector jobs. that's a big drag. we should actually be hiring teachers. that was the specific idea that the president laid out. and i just want to clarify one thing on manufacturing, because i do think this is an important point. manufacturing is a critical component for recovery. and i don't think we should look at august, necessarily, as a stand-alone or some indication, because that's a time where every year plants tend to shut down. so that is, i think, more of a blip than something we should look at as a long-term trend. >> he has been criticized, including from the editorial writers of the "wall street journal," we're talking about mitt romney, that he hasn't really laid out a lot of the specifics on how he would turn this economy around. >> let me say something about this jobs report first. ali said he's a glass half full guy, i am too, but it's hard to see the glass half full with this report. this is a pretty lousy number. it's way, way below where we should be. and it fits a pattern of th
one of the problems we have in our economy is that we've lost 700,000 public sector jobs. that's a big drag. we should actually be hiring teachers. that was the specific idea that the president laid out. and i just want to clarify one thing on manufacturing, because i do think this is an important point. manufacturing is a critical component for recovery. and i don't think we should look at august, necessarily, as a stand-alone or some indication, because that's a time where every year plants...
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Sep 1, 2012
09/12
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the point is, this is a story of the obama economy. a man running for president in 2008, making all these grand promises, and then none of them occurring. he got elected, he put his policies in place, and the plant is still shut down. my friends who i went to high school with -- >> but that was a decision general motors made. >> i'm not saying it was his decision, i'm saying he comes and makes tse promises and makes these commitments and sells people on the notion that he's going to make all these great achievements and then none of them occur. these are empty promises that become broken promises and that's the sry of the obama economy. he said he was going to cut the deficit in half in four years. we're nowhere close. he said unemployment if he passes stimulus would never go above 8%. it's been above 8% ever since. what we have here is a man who ran for president with grandiose plans and promises, great rhetoric, none of the results. >> but you were with him when he saved the auto industry, though. you supported that legislation. >> y
the point is, this is a story of the obama economy. a man running for president in 2008, making all these grand promises, and then none of them occurring. he got elected, he put his policies in place, and the plant is still shut down. my friends who i went to high school with -- >> but that was a decision general motors made. >> i'm not saying it was his decision, i'm saying he comes and makes tse promises and makes these commitments and sells people on the notion that he's going to...
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and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to corporations that move jobs overseas. when he was asked what he would do to actually cut spending and reduce the deficit, he said he'd eliminate public television funding. don't boo now. but i just want to make sure i got this straight. he'll get rid of regulations on wall street. but he's going to crack down on sesame street. >> all right. so there's the president of the united states. he's got a good line there about mitt romney. he's been ridiculing mitt romney big time. he did it earlier today. now. something he avoided doing dramaticall
and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to...
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Oct 27, 2012
10/12
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. >>> mitt romney is trying to keep voters focused on the economy telling them he could do better than president obama. jim acosta is traveling with the romney campaign. >> we've been traveling by bus over the last few days, ohio and iowa, one thing we've heard, he's been debuting this new theme, he is the agent, he is the candidate of big change and the president is just more of what he calls the status quo. one thing we can also report is the romney campaign is right now sort of riding a wave of momentum, some recent polls, not just nationally but across several swing states have shown romney gaining some traction and getting very close to overtaking the president in several key swing states and both nationally. now, the romney campaign did put out a memo earlier in the week throwing cold water on one ohio state poll they took issue with saying it wasn't properly calibrated but they are also at the same time touting a new "washington post" poll showing mitt romney leading the president nationally and doing very well among independents. at the same time we should p point out that alon
. >>> mitt romney is trying to keep voters focused on the economy telling them he could do better than president obama. jim acosta is traveling with the romney campaign. >> we've been traveling by bus over the last few days, ohio and iowa, one thing we've heard, he's been debuting this new theme, he is the agent, he is the candidate of big change and the president is just more of what he calls the status quo. one thing we can also report is the romney campaign is right now sort...
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somebody who's thinking about how to grow the economy from the middle out. from the bottom up. not from the top down. >> his rival, mitt romney, even while vacationing in new hampshire, didn't miss the chance to pounce. >> american families are struggling. there's a lot of misery in america today. and these numbers understate what people are feeling and the amount of pain which is occurring in middle class america. not only is the 8.2% number unacceptly high, and one that's been in place now for over 41 months, but in addition, if you look at the broader analysis of people who are out of work or have dropped out of the workforce or that are underemployed in part-time jobs, needling full-time work, it's almost 15% of the american public. the president's policies have not gotten american working again. and the president's going to have to stand up and take responsibility for it. i know he's been planning on going across the country and celebrating what he calls forward. well, forward doesn't look a lot like forward to the millions and millions of families that are struggling toda
somebody who's thinking about how to grow the economy from the middle out. from the bottom up. not from the top down. >> his rival, mitt romney, even while vacationing in new hampshire, didn't miss the chance to pounce. >> american families are struggling. there's a lot of misery in america today. and these numbers understate what people are feeling and the amount of pain which is occurring in middle class america. not only is the 8.2% number unacceptly high, and one that's been in...
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Oct 12, 2012
10/12
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and once the economy returns to normal, it must be solved. there will be plenty of time after the election of 2016 to deal with that problem. today's crisis is putting people back to work, getting the economy moving again. don't let the obama administration off the hook for its failure to do that. >> maria, i was curious on this because i was paying close attention like all of you were how they addressed each other during the course of the debate. we put together this clip. >> my friend, my friend. >> joe and i are from similar towns. >> i love my friend here. >> i appreciate that, joe. >> my friend. >> joe, this taxes a million people. >> let me tell you what my friend said. my friend. what would my friend do differently? my friends, i just fundamentally disagree with my friend. >> i want to thank you, joe. >> now, was that appropriate for the congressman to call the sitting vice president of the united states joe? >> i actually don't think that's a big deal. i mean, sarah palin asked if she could call him joe and joe said yes. i don't think
and once the economy returns to normal, it must be solved. there will be plenty of time after the election of 2016 to deal with that problem. today's crisis is putting people back to work, getting the economy moving again. don't let the obama administration off the hook for its failure to do that. >> maria, i was curious on this because i was paying close attention like all of you were how they addressed each other during the course of the debate. we put together this clip. >> my...
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Sep 7, 2012
09/12
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he can't seem to be cheering for a bad economy. but that's why at these conventions we heard so much talk about trust and character and values. the stewardship of the economy is turning into a values issue. and does the president have the right values or understand americans enough and the trouble that small businesses are having from mitt romney's point of view, from the president's point of view he says mitt romney lives by a different set of rules and doesn't understand the pain you are suffering. so that's why we heard so much of this sort of revelations about who thes men are. because after all, you need to trust one of them with your economic future. >> people are always making fun of these conventions. they really don't matter. i think they do matter. >> i do too. >> i think bill clinton showed that they mattered. what does president obama need to do? he needs to bring back into the party all those people who voted for him the last time, that base. young people, women, minorities, they can't be apathetic. they might not go o
he can't seem to be cheering for a bad economy. but that's why at these conventions we heard so much talk about trust and character and values. the stewardship of the economy is turning into a values issue. and does the president have the right values or understand americans enough and the trouble that small businesses are having from mitt romney's point of view, from the president's point of view he says mitt romney lives by a different set of rules and doesn't understand the pain you are...
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who would better handle the economy. they think he needs to do it tonight to shift the race in his favor. >> we'll see how he does, john. how does the president though stack up to past incumbents seeking re-election? >> when you look at these numbers that's whoo you have to say forget anybody. pay no attention to anybody who tells you this race is over. because sometimes historical trends take hold. let's look at these back through the years. this is 1992. george h.w. bush was running for re-election. look at this. he actually had pretty decent, gdp, first quarter, second kwarder, third quarter of the election year. the strength of the u.s. economy. george h.w. bush had good growth. he lost the election because bill clinton and ross perot convinced people the economy was struggling. this race this year looks a little bit like 2004. george w. bush had very struggling numbers. not so strong, decent third quarter, decent third quarter helped president bush heading into his re-election campaign. look how weak growth has been
who would better handle the economy. they think he needs to do it tonight to shift the race in his favor. >> we'll see how he does, john. how does the president though stack up to past incumbents seeking re-election? >> when you look at these numbers that's whoo you have to say forget anybody. pay no attention to anybody who tells you this race is over. because sometimes historical trends take hold. let's look at these back through the years. this is 1992. george h.w. bush was...
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jobs and economy. and plan to help strengthen the middle class and turn the economy around and create jobs through his plan for working on energy and deficit reduction, improving skills for american workers, putting america on a level playing field when it comes to trade. these are things that will help strengthen our economy and put people back to work. >> all right. go ahead, mo. >> i think the republicans and the romney/ryan ticket are in a tough spot here. first, the american people think the president has done a fantastic job on foreign policy and national security issues. as we heard repeatedly throughout the course of this past week, his leadership getting outside of the war in iraq, beginning to draw down troops in afghanistan as well as going after al qaeda and taking out osama bin laden. those are just cornerstones along with the broader foreign policy objective of rebuilding our standing in the international community. which was in a terrible place before president obama took office. the con
jobs and economy. and plan to help strengthen the middle class and turn the economy around and create jobs through his plan for working on energy and deficit reduction, improving skills for american workers, putting america on a level playing field when it comes to trade. these are things that will help strengthen our economy and put people back to work. >> all right. go ahead, mo. >> i think the republicans and the romney/ryan ticket are in a tough spot here. first, the american...
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Sep 27, 2012
09/12
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we had thought that the economy grew 1.7%, which is rlyve slow. ins growing about , china more than 7%. what we learned today is, in this is one of those revisions we found out that the growth was substallwe 1.3%. thurse of coas got the republicans talking. mitt romney put out a statements stuck in neutral. buit's not gang busrs.t utral should be running at 3% or higher to be a healthy economy and r theobs that have beest. let'sope itets to that level. a lot of people are counting on ali, tnks very much. >> mypleasure. >>> with only 40 days to the election, people across the country are focusing in on the presidential race. while we'teetrack of all thewate cooler debates, we haome exclusive eye-opening data about political discussions on the world's biggest social network, we're talking about facebook. let's bring in mark preston, he's taking a closer look. mark, tell our viewers what you're seeing. >> wolf, over the past 72 hours we've witnessed a large number of people all across the nation buzzing about mitt romney on facebook. so much so that
we had thought that the economy grew 1.7%, which is rlyve slow. ins growing about , china more than 7%. what we learned today is, in this is one of those revisions we found out that the growth was substallwe 1.3%. thurse of coas got the republicans talking. mitt romney put out a statements stuck in neutral. buit's not gang busrs.t utral should be running at 3% or higher to be a healthy economy and r theobs that have beest. let'sope itets to that level. a lot of people are counting on ali, tnks...
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Jul 3, 2012
07/12
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this is issue number one, the economy. and a surprising jump in the number of americans who believe the economy will eventually get better. take a look at this. when asked about what economic conditions will be like next year, 60% now say they believe they will be good compared to only 39% who say conditions will be poorer. last fall when we asked the same question, those numbers were very different indeed. only 39% saying things would get better in the year to come. we sent our own joe johns to the key battleground state of ohio for a closer look at these new numbers. joe is joining us now from his old hometown of columbus, ohio. what's going on there, joe? >> reporter: that's right, wolf. well, things are starting to look better here in the buckeye state, but i have to tell you that cnn orc poll indicates that nationwide one thing is clear, the number one issue on voters' minds happens to be jobs and the economy. the november election may come down to a key question, which candidate is better able to handle the economy?
this is issue number one, the economy. and a surprising jump in the number of americans who believe the economy will eventually get better. take a look at this. when asked about what economic conditions will be like next year, 60% now say they believe they will be good compared to only 39% who say conditions will be poorer. last fall when we asked the same question, those numbers were very different indeed. only 39% saying things would get better in the year to come. we sent our own joe johns...
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but if it's relatively quiet, it's the economy. as you well know. the economy in this new poll the two candidates basically are about even. who can better handle the economy among all registered voters, romney does better among independents. >> he does. i bet when we tighten the screen closer to election, that will favor romney even more. that's where the battlefield will be. mary's got a point. the president's foreign policy successes have taken those issues off the table. i have to say the democrat -- i'm a little amused when mary says the obama foreign policy successes where he changed policies like going after bin laden, that should go to bush. but the economic collapse is blamed on bush. but whatever. it's about the economy. romney is the candidate, we're seeing polling ads attacking his record. and they're working. we're seeing his business record as a net negative. that doesn't generally happen with business people. but romney is losing credibility as a businessman in the economy. >> that's one of the strengths supposedly going in. what do yo
but if it's relatively quiet, it's the economy. as you well know. the economy in this new poll the two candidates basically are about even. who can better handle the economy among all registered voters, romney does better among independents. >> he does. i bet when we tighten the screen closer to election, that will favor romney even more. that's where the battlefield will be. mary's got a point. the president's foreign policy successes have taken those issues off the table. i have to say...
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Oct 9, 2012
10/12
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i want to encourage the economy to grow again. it's pretty clear that the economy is not growing at the rate it should, under the president. and i can tell you with regards to the deductions you describe, home mortgage interest deductions and charitable contributions, they will, of course, continue to be preferences for those types of expenses. >> so even wealthy people, would you put a cap on how much they can deduct as far as charitable contributions are concerned? because i've heard you mention the $1,700 cap for some folks out there, and i would like you to elaborate, if you don't mind. >> well, i'm not going to lay out a piece of legislation here, because i intend to work together with republicans and democrats in congress, but there are a number of ways one could approach this. one would be to have a total cap number. it could be $25,000, $50,000. and people could put whatever deduction in that total cap they'd like. or, instead, you could take the posture that bowles simpson did, which is going after specific deductions and
i want to encourage the economy to grow again. it's pretty clear that the economy is not growing at the rate it should, under the president. and i can tell you with regards to the deductions you describe, home mortgage interest deductions and charitable contributions, they will, of course, continue to be preferences for those types of expenses. >> so even wealthy people, would you put a cap on how much they can deduct as far as charitable contributions are concerned? because i've heard...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. >>> we're now just four days from the presidential election, if you needed a reminder. >> i don't need it, and the candidates are kris crossing in a whirlwind of campaigning. >> they're working very hard, let's go to ohio right now, it has 18 crucial electoral votes. president obama won in 2008, but ohio went to george w. bush in 2004. obama was there today touting the new jobs report that showed stronger than expected hiring last month. but much of the focus was on a romney ad that he says is trying to care people. what is he saying, jessica? >> in three speeches here in ohio today, the president made brief m
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. >>> we're now just four days from the...
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Oct 17, 2012
10/12
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bob writes, it's the economy, mr. president. your economy, mr. president. you built that. dave writes, he's the first african-american elected president and a democrat. everything else is commentary. and phil in ohio writes this, the con nunt rum undrum in this is how you go about firing everybody's favorite employee. you know deep inside he has to go. if you want to read more on the subject, go to the blog, cnn.com/calfertyfile. >> if you think this presidential campaign has been nasty. wait until you hear about the u.s. senate battle in florida. it has more mud than the everglades. cnn's john zarella is tracking it for us. >> even for florida, this has been one of the strangest races i think that i have ever seen. senior senator bill nelson, the incumbent versus republican challenger connie mack iv. this entire battle has been waged primarily with some very negative tv ads. when florida congressman connie mac iv speaks at campaign events, quite often he slides in a reference to baseball. >> i remember as a kid, i had big dreams, i wanted, my dream was to hit the game-win
bob writes, it's the economy, mr. president. your economy, mr. president. you built that. dave writes, he's the first african-american elected president and a democrat. everything else is commentary. and phil in ohio writes this, the con nunt rum undrum in this is how you go about firing everybody's favorite employee. you know deep inside he has to go. if you want to read more on the subject, go to the blog, cnn.com/calfertyfile. >> if you think this presidential campaign has been nasty....
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Sep 27, 2012
09/12
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we had thought that the economy grew 1.7%, which is relatively slow. india's growing about 6%, china more than 7%. what we learned today is, again, this is one of those revisions that the government does. we found out that the growth was substantially slower, 1.3%. that of course has got the republicans talking. mitt romney put out a statement to say that the obama economy is stuck in neutral. in fairness, 1.3% isn't neutral, but it's not gang busters. we should be running at 3% or higher to be a healthy economy and recover all the jobs that have been lost. >> let's hope it gets to that level. a lot of people are counting on it. ali, thanks very much. >> my pleasure. >>> with only 40 days to the election, people across the country are focusing in on the presidential race. while we can't keep track of all the water cooler debates, we have some exclusive eye-opening data about political discussions on the world's biggest social network, we're talking about facebook. let's bring in mark preston, he's taking a closer look. mark, tell our viewers what you'r
we had thought that the economy grew 1.7%, which is relatively slow. india's growing about 6%, china more than 7%. what we learned today is, again, this is one of those revisions that the government does. we found out that the growth was substantially slower, 1.3%. that of course has got the republicans talking. mitt romney put out a statement to say that the obama economy is stuck in neutral. in fairness, 1.3% isn't neutral, but it's not gang busters. we should be running at 3% or higher to be...
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Oct 19, 2012
10/12
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fix it, i get the economy. we watched his poll numbers on dealing with the economy go up visa vee the president's numbers. >> there are those who suggest paul ryan being on the ticket though sort of undermines that specific closing argument. >> right. and democrats are going to suggest that. say, wait a second, let's not be fooled by this mr. moderate. they've already started that. we saw bill clinton sort of begin that assault. the moderate mitt is back. the kind of flip-flopping the romnesia, that goes to that part of the obama campaign, which is trying to undermine arguments such as i can work with folks that will bring up his record and have already brought out people that say, no, he didn't work that well with democrats. there's always going to be the counterargument. >> what do you hear about the president's closing arguments? what is he doing? >> not a thing so far. >> really? >> he's very much on the attack as we've seen. certainly on the campaign trail. so i put in some inquiries and said what can you
fix it, i get the economy. we watched his poll numbers on dealing with the economy go up visa vee the president's numbers. >> there are those who suggest paul ryan being on the ticket though sort of undermines that specific closing argument. >> right. and democrats are going to suggest that. say, wait a second, let's not be fooled by this mr. moderate. they've already started that. we saw bill clinton sort of begin that assault. the moderate mitt is back. the kind of flip-flopping...
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this economy was losing 800,000 jobs a month. and a lot of folks were wondering whether we were headed for another great depression. do you hear me? that's what people were worried about. and that is what barack faced on day one as president of the united states. but let me tell you, instead of pointing fingers and placing blame, our president got to work. he got to work. see, because he was thinking about folks like my dad and like his grandmother and that's why he cut taxes for small businesses. and working families because we have a president fortunately who understands that teachers and firefighters shouldn't pay higher tax rates than millionaires and billionaires. not in america. not in america. and that's why while some folks if you recall were willing to let the auto industry go under, do you know who i'm talking about? with more than a million -- do you hear me? a million jobs that would have been lost. see, barack had the backs of the american workers a and that's why today the american auto industry is back on its feet
this economy was losing 800,000 jobs a month. and a lot of folks were wondering whether we were headed for another great depression. do you hear me? that's what people were worried about. and that is what barack faced on day one as president of the united states. but let me tell you, instead of pointing fingers and placing blame, our president got to work. he got to work. see, because he was thinking about folks like my dad and like his grandmother and that's why he cut taxes for small...
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that's not a way to build the economy. it's a way to build the economy if you're mitt romney and you want to do it from the top down, but not from the middle out. that's what this debate will be about tomorrow. >> i want to move on. how would you have phrased that one line? what would have been a better way to say it? >> well, look, i'm not going to parse the words of the vice president. i thought it was very clear. i don't think anybody misunderstood what he was talking about. look, the romney campaign is at a point where they true to seize on one syllable or one inflection point to try to make things into this gaffe or that gaffe. i'm happy to have this debate. >> well, robert, we will move on, but you know that both sides pick at that game, picking at every word and every syllable to pick up a gaffe and put out a press release out about it. >> it's been an gold medal olympic sport. >> good one. mitt romney, he may have given us a little preview of what he'll be saying in the debate tomorrow. listen to what he had to say
that's not a way to build the economy. it's a way to build the economy if you're mitt romney and you want to do it from the top down, but not from the middle out. that's what this debate will be about tomorrow. >> i want to move on. how would you have phrased that one line? what would have been a better way to say it? >> well, look, i'm not going to parse the words of the vice president. i thought it was very clear. i don't think anybody misunderstood what he was talking about....
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a few questions on the economy. you agree with warren buffet, your good friend, are you pessimistic about the state of the economy? >> there are signs of growth, good things going on. european uncertainty, federal budget uncertainty weigh on people, it would be great to get those resolved. otherwise, you see good signs. >> are you supporting president obama in re-election? >> because of my role, i am not out doing political campaigning, you know, i am a regular voter. there's a lot of key issues i think are important, education, foreign aid. but i am not choosing to spend my time, except to speak out about those issues. in the last campaign, both candidates talked about raising foreign aid. i hope this time both candidates are good on that. we're not sure yet. >> i asked the question. you did attend an obama fund-raiser back in february which says to me you're supporting him, unless you change your mind. >> well, he has done a good job on foreign aid, on education, and it will be interesting to see what the republic
a few questions on the economy. you agree with warren buffet, your good friend, are you pessimistic about the state of the economy? >> there are signs of growth, good things going on. european uncertainty, federal budget uncertainty weigh on people, it would be great to get those resolved. otherwise, you see good signs. >> are you supporting president obama in re-election? >> because of my role, i am not out doing political campaigning, you know, i am a regular voter. there's...
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if an economy collapses, who does it hit. we have seen the men -- it hit -- >> blacks are staying solid for obama. and that's -- >> no democrat whereon a majority of white votes since ly johnson. it's skeptical that the government will do anything that benefits them. as roland correctly pointed ut, the exception to the pattern is the critical last line of defense which i think is running much better among working class whites in the midwest than ever where else. she at 42% for non -- >> the auto bailout and the case against bain has has more of an effect -- >> a census projection that came out is that minorities are respect expected to be the majority in 2042. hold your thoughts, we'll talk about concerns to see another presidential recamp like we did in 2000. the obama camp is playing on those fears. ♪ ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. >>> as we get closer to election day, there's more
if an economy collapses, who does it hit. we have seen the men -- it hit -- >> blacks are staying solid for obama. and that's -- >> no democrat whereon a majority of white votes since ly johnson. it's skeptical that the government will do anything that benefits them. as roland correctly pointed ut, the exception to the pattern is the critical last line of defense which i think is running much better among working class whites in the midwest than ever where else. she at 42% for non...
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economy can create as many jobs. a downgrade in the outlook for growth in the economy. but not enough of a downgrade for the fed and ben bernanke to say, look, we're so afraid that we're going to do some sort of another massive quantitative easing program. what they did, wolf, was extend the program already in place, which has the same goal ben bernanke's been trying to push through all of these creative programs in the last few years, which are lower long-term interest rates. the problem with this is he's already succeeded. i am just looking over here 30-year fixed rate mortgage in this country 3.63%. i mean, it's pretty hard to get rates any lower than they are right now. that's the tool the fed has to try to get the economy growing. they've really used it to the most of their ability. >> so what does this say about the state of our economy? >> well, i mean, wolf, it's not in a good place. i mean, part of this in is aens is, look, we were in a debt-driven crisis. throughout history those crises have taken a very, very long time to recover from, years and years. when y
economy can create as many jobs. a downgrade in the outlook for growth in the economy. but not enough of a downgrade for the fed and ben bernanke to say, look, we're so afraid that we're going to do some sort of another massive quantitative easing program. what they did, wolf, was extend the program already in place, which has the same goal ben bernanke's been trying to push through all of these creative programs in the last few years, which are lower long-term interest rates. the problem with...
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it's all about the economy. as the president was in the important swing state of florida, mitt romney released a campaign ad in that state. let's take a look at a little of it. >> four years ago barack obama was concerned about florida's economy. >> when wages are flat, prices are rising, more and more americans are mired in debt, our economy as a whole suffers. >> but under president obama 8.6% unemployment, record foreclosures -- >> so there are lots of people who believe that in a state like florida that mitt romney ought to be doing better because the economy is not doing well there. but we just had a battleground state that came out this week which showed that mitt romney is six points behind the president in florida. and the campaign -- the romney campaign believes florida is really a must-win for them. that's not really great news. >> yeah. but speaking of maybe not great news, we're expecting some unemployment jobless figures for the month of july tomorrow. >> right. >> we often talk about how the econom
it's all about the economy. as the president was in the important swing state of florida, mitt romney released a campaign ad in that state. let's take a look at a little of it. >> four years ago barack obama was concerned about florida's economy. >> when wages are flat, prices are rising, more and more americans are mired in debt, our economy as a whole suffers. >> but under president obama 8.6% unemployment, record foreclosures -- >> so there are lots of people who...
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i have five steps that will get this economy going. create 12 million new jobs, save medicare and get our incomes rising again. there are five things and you've probably learned them by now. if you haven't, number one, to get this economy going in a big hush ri immediately, we're going to take advantage of our energy resources, our coal, gas, nuclear, renewables. we're going to rebuild america's energy economy. [ cheers and applause ] and secondly, and number two, to get this economy going, we believe in the usa, we believe in the ability of american men and women to compete. we're going to open up trade around the world. and we're going to crack down on china or any other nation in trade when they cheat. >> all right. we're going to continue to listen in. hear what mitt romney has to say. he's going through his stump speech. we'll watch what's going on, share any news that emerges from this speech, mitt romney in sar s sew ta, florida, a key battleground state. >>> what happened in the dayingses and hours before the deadly attack in l
i have five steps that will get this economy going. create 12 million new jobs, save medicare and get our incomes rising again. there are five things and you've probably learned them by now. if you haven't, number one, to get this economy going in a big hush ri immediately, we're going to take advantage of our energy resources, our coal, gas, nuclear, renewables. we're going to rebuild america's energy economy. [ cheers and applause ] and secondly, and number two, to get this economy going, we...
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unfortunately the economy called his bluff. do you gamble on the republicans again or continue on the same failing course. eric writes are you kidding, of course they should. being a nice guy is not reasonable criteria for re-election. to read more, go to the blog, cnn.com/caffertyfile. always a pleasure, joe johns, working this lemonade stand with you. >> absolutely. good to see you again, jack. i have to check the blog. that's some interesting stuff. a poll with people writing what they think. >> it is good. got a lot of mail to do, it is good stuff. >> you bet. >>> it is the headline that went viral after a deadly accident. my sister paid progressive insurance to defend her killer in court. we'll tell you why the insurance company fought against her grief stricken family. >>> and joe biden made his share of gaffes. paul ryan is poking fun at him. you've been busy for a dead man. after you jumped ship in bangkok, i thought i'd lost you. >>> surfing is my life now. but who's going to .... >>> tell the world that priceline has
unfortunately the economy called his bluff. do you gamble on the republicans again or continue on the same failing course. eric writes are you kidding, of course they should. being a nice guy is not reasonable criteria for re-election. to read more, go to the blog, cnn.com/caffertyfile. always a pleasure, joe johns, working this lemonade stand with you. >> absolutely. good to see you again, jack. i have to check the blog. that's some interesting stuff. a poll with people writing what they...
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actually, you know who's really suffered in this economy? blue collar non-educated white males in places like ohio. those guys are really in deep trouble. in some respects women have been doing better out of this i think than those guys have. so i do think that women are important constituency, but i do think there's a lot more depth and go into subtlety than what we've traditionally thought about. biden may go in that direction. i think if i were ryan, honestly i think the way ryan has to handle that is, i'm catholic, this is what i believe and get away from the rape question. >> women married to men who don't have jobs, then you're talking about vote perhaps on those economic issues as well. >> we have to cut it off real quick. when we come back though we are all going to give our unsolicited advice to one unsuspecting target. stay right here on cnn's "the situation room." imimagaginine e ifif y yod alalwawaysys s seeee l e [m[mususicic]] inin t thehe b besest t lil. eveverery y titimeme o of f. ououtdtdoooorsrs, , oro. trtranansisititiono
actually, you know who's really suffered in this economy? blue collar non-educated white males in places like ohio. those guys are really in deep trouble. in some respects women have been doing better out of this i think than those guys have. so i do think that women are important constituency, but i do think there's a lot more depth and go into subtlety than what we've traditionally thought about. biden may go in that direction. i think if i were ryan, honestly i think the way ryan has to...